Affirm Revenue Up 48% on Higher Interest Income
Affirm’s interest income rose 86% between October and December.
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Recent Editions
Pinterest Reports 12% Higher Revenue
Pinterest stock dropped 15% after hours, suggesting investors were hoping for an even better performance.
Microsoft Says Activision Layoffs Were Planned Before Acquisition, Rebutting FTC Claim
A federal appeals court is considering the FTC’s long-shot bit to overturn the Microsoft-Activision deal.
Shein Plans Seattle Hiring Push As Logistics Unit Ramps Up
The fast-fashion giant hired its new head of U.S. logistics, a ByteDance and Amazon alum, last year.
Arm Stock Soars 60% As Firm Highlights AI Business
Arm, which is best known for supply designs used in mobile phone chips, is painting itself as a participant in the AI revolution.
Microsoft Super Bowl Ad Pitches AI Copilot App
Microsoft appears willing to make generative AI tools widely available to consumers for free in order to gain traction.
Google Launches its GPT-4 Rival, Gemini Ultra, For $20 a Month
Google’s challenge will be to convince professionals to sign up for the new product.
SoftBank Swings to Profit on Vision Fund’s Investment Gains
SoftBank, which last year wrote down its earlier bet on WeWork, is now positioning U.K. chip designer Arm as the centerpiece of its investment portfolio.
ByteDance’s CEO of China Business Steps Down
The latest change makes the TikTok owner's leadership structure for its domestic operations in China simpler and more centralized.
Amazon Discussed Marketplace Changes Amid Temu, Shein Threat
Temu, which has seen scorching growth since its launch in late 2022, offers rock bottom prices but slower shipping times than Amazon.
Another Amazon Flex Driver Shot and Killed During Delivery
Since the beginning of 2022, at least five other Flex drivers have been shot while on the job, according to an investigation by The Information.
Disney Takes $1.5 Billion Stake in ‘Fortnite’ Maker Epic Games
Disney said it will partner with Epic Games to create new games based on Disney franchises including Marvel, Star Wars, Pixar and Avatar.
Disney’s Traditional TV Business Continues to Shrink as It Reduces Streaming Losses
Disney CEO Bob Iger, during the company's earnings call, said the full-streaming version of ESPN will launch in the fall of 2025.
Target Weighs Paid Membership To Compete With Amazon, Walmart
The new program could involve Shipt, the same-day delivery startup Target acquired in 2017.
Uber Posts Third Quarterly Profit as Ridehailing Revenue Soars
Uber's ridehailing and delivery businesses continue to grow, but its freight business is in decline.
New York Times Reports Subscription Growth While Advertising Falls
The results demonstrate how the digital media sector is becoming much more reliant on subscriptions, as advertising for all but the biggest companies steadily declines.
Alibaba Boosts Share Buyback Program by $25 Billion
The Chinese e-commerce giant is grappling with slow growth in China amid tough competition from domestic rivals like PDD and ByteDance.
Meta to Label AI-Generated Images
The labels will apply to images made using tools from Google, Microsoft, Adobe, OpenAI, Midjourney and Shutterstock as those companies add invisible markers to AI-generated images.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy